Macys and Bloomingdales CLI

I applied for the Macy and Bloomingdale cards a week ago (still havent recieved either card).

I went to Macys and their prices are ridiculous (a ralph lauren or Tommy hillfiger polo shirt that is on clearance for 79.99. That's clearance??????

Anyways, got me 3 pairs of dress socks for like 20 bucks (intial approved limit was 100$) I got my first stop card use offer of 15% off which ended up being 17 dollars for silk dress shoe socks (nice). She called macys credit department. On my first transaction, it was bumped up to a 300 CL.

Just shopped on bloomingdales and got me like a 12pack of Kcups for 11.99 and with shipping came out to be 17 and change. Of course had to call credit department again to activate card. They bumped my credit line from 200 intial approval to 800$ on my first transaction.

Sweet. I now have a 1100 credit line with them which will increase my credit utilization overall on all my cards.

I am suprised at how quick they bumped them up. I was thinking 3-6 months before they did that.My only logic to explain that is they look at your initial purchase and see how much of it you are going to use and determine the limit increase. If you get the card and max it out on the first purchase, obviously that will probably flag it in my opinion.

Re: Macys and Bloomingdales CLI

I had my Target card for 3 years before i defaulted on it due to a job layoff 6 years ago. In the 3 years I had it, they never offered a CLI or anything. Target is behind on the times. They are the only crazy ones to buy a chain department store (kmart) that was realistically suppose to be dead by now. I pass by kmart everyday, theres maybe 5 or 6 cars in the parking lot.

Re: Macys and Bloomingdales CLI

Target just lost big money on there credit card program and refused to give CLI's so they can't loose money again, and recently sold their credit cards to TD Bank, so perhaps there is a glimmer of hope for a CLI on the card, if it wasn't for the 5% cash back the card would be closed, wife still uses it from time to time, its been in her purse for the last 9 months or so...

Re: Macys and Bloomingdales CLI

Macy's will start limits very low if you apply online. They take fraud and security very seriously and online applications can easily be fradulent. Once you go in the store, they will usually raise it. You will also get a higher line and possibly the American Express branded one if you apply in the store.

Things may be cheaper online. I shop in the Boys section, but it's cheaper to go online than buy in the store(except for tax).

As part of the agreement, TD will control risk-management policies and regulatory compliance and the retailer will continue to perform account servicing functions. That means TD Bank will make decisions about things like which applications are accepted and what interest rates are charged to customers, while Target still handles bill processing and customer service issues.

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